Transcripts For FBC Varney Company 20140221 : vimarsana.com

FBC Varney Company February 21, 2014

A 3d map just for you before your eyes and house of cards, with a critical view of china, scores big in china, better yet. Watch those tech stocks go again. Now, please, look at this video, its going viral. Shot with a camera from a Company Called gopro, its going public, more tech, its everywhere. Plus, no spending cuts, no report, not now, not ever in the second obama term and he wants to take more out of private enterprise. Technology rules, but tax and spends lives on forever. Weve got it all on this, the final 9 20 edition of Varney Company, which is about to begin. [ male announcer ] this is karen and jeremiah. They dont know it yet, but theyre gonna fall in ve, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never ght about ney. [ dog barks ] because right after they get married, theyll find some financial folks whwill talk to them about preparing early for retirement and be able to focus on other things, like each other, which isnt rocket science. Its just common sense. From td ameritrade. Like carpools. Polly wants to know if we can pick her up. Yeah, we can make room. Yeah. [ male announcer ]. Office space. Yes, were loving this communal seating. Oh, its great. Yeah. [ malannounr the best thing to share . A data plan. New at t mobile share value plans for business. Our best value plans ever. For example, y can get 10 gigs of data to share. And 5 lines would be 175 a month plus you can d a line anytime for 15 month. Sharings never been better fo busess. The big story of the week, facebooks 19 billion dollar purchase of a messaging service, whats app. Weve got new information on it. Facebook was not the only suitor. Reports that google expressed interest as well, but only offered 10 billion. And were learring more about about whats app Huge International presence. Its the number one messaging app in spain, india and brazil, a big player in japan and hong kong, and thats what makes is worth 19 billion. Were learning more about some of the problems with it. Robert scovel a pfrequent quest says its filled with spam and delete it had from his phone. Its a negative, but Facebook Stock will still break 70 a share moments from now. Tech is king. Thats where the money is flowing. On that theme, four new headlines all about technological developments. First up, a new smart phone app, crowd pilot. The app could let strangers listen into your phone calls without you knowing. Ill say again, your privacy is gone. Grub hub seamless, hopes you order food Online Meeting with investment bankers, hinting it may file for an ipo next year. Yeah, tech is king. Packard m than expected and its getting more orders for pcs. Who would have thought . Well, stocks rallied yesterday, the dow will be up a little. First thing this morning when that bell rings, this is the last time that Varney Company will show you the opening bell. Here it comes, but first, we have trivia for you all throughout the show starting with this one. Name the three original Varney Company members. The answer is next. If youve got copd like me. Hey breathings hard. Know the feeling . Copd includes emphysema and ronic bronchitis. Spiriva is a oncedaily inhad copd maintenance treatment that helps open my obstructed airways for a full 24 urs. Iriva helps me breathe easier. Spiriva handihaler tiotropium bromide inhalation powder doesot replace fastacting inhalers for sudden symptoms. Glaucoma, trouble urinating, or an enlarged prostate. These may worsen with spiriva. Discuss all medicines you take, even eye drops. Stop taking spiriva and seek immediate medical hp if your breathing suddenly worsens, your toat or tongue swells, u get hives, vision changes or eye pain, or problems passing urine. Other side effects include dry mouth and constipation. Nothing can reverse copd. Spiriva helps me breathe better. Does breathing with copd weigh you down . Dont wait to ask your doctor about spiriva. [ telephone rings ] [ shirley ] edwa jones this is shirley eaking. How may i help you . Oh hey, neill, how areou . How was the trip . [ male announcer ] with nearly 7 million investors. [ shirle] hes right here. Hold on one sec. [ malennouncer ]. Youd eect us to have a highly skilled call center. Kevin, neill holleys on line one. Ok, great. [ male announcer ] and we do. Its how edward jones makes sense of investing. Its how edward jones makes sense of investing. Sometimes they just drop in. Always obvious. Cmgroup can help you navigate risks and capture opportunities. We enable you to reach Global Markets and drive forward with broader ssibilities. Cme group how the world advances. Ive had the time of my life the time of my life. Im not going to sing is, but we have indeed, youve had the time of my life with bringing you th1 opening of the markets. Starting monday i guess were going to tell you, yes, we start at 11 a. M. Eastern for two full hours. Which three people made up the original company when we launched. Are you ready . Charles payne, tracy byrnes, chris cotter. Remember them . Still around. And to another regular, tres knippa. Air going to miss us, miss covering the opening he bell and you like to get the politics in there, dont you . Indeed i do. Stuart, i like your show so much. I dont care if you decide to cover the overnight asian trading, id still happily come on. It as they say in show business, have your people call my people. Stuart youre going to come with us, because youre going to cover the real half time report at 12 45 eastern when the market is half over and youll join us on monday with that. Thanks very much indeed. Were off and running, its friday morning, the opening bell has rung and were off four points, 16. 1 is where we are. Listen to this, in time for the thousand dollar club plus, not talking about google, were talking priceline, stronger profits, good profits, i think its at a new high, over 1300, nicole . Oh, new high. 1,332 new high on priceline today. They came out with better than expected profits and growth in asia. They have two names under their umbrella kayak. Com and aguna. Com and boosting presence abroad and theyre pay your own price for all of these travel deals and up 3 1 2 , a new high. Stuart id love to be bill shatner anytime over the last few years, actually. And thanks, nicole. Groupon a proposed loss, spending more in the online marketplace. If i remember, charles, you picked this one, is it one victory lap youre not going to take . Not yet. It was an interesting thing, because when they reported the stock went up 15 in the after market and people took a look at it and went down 10 . Theyve got a serious problem, a credibility problem from the beginning when they had their own Accounting System and also an execution problem. They made a big time acquisition in china, theyve folded it and made a lot of question marks. I have it on my monthly newsletter and usually we ask people to hold for a year and we looked at it hard last night and this morning well hold it and i wouldnt buy if. It i didnt have it i wouldnt buy it. Stuart youre not selling, not taking your profits. Charles or a loss. Stuart hewlettpackard raising a profit outlook, guess what, its pc business has grown. Clayton morris is here. I thought pcs were disappearing . People have to replace current pcs with new pcs, this is an area of h ps growth. Pcs are declining year over year. Dont get your hopes up. stuart youre running microsoft windows. Theyve expanded, cut costs and this is the First Quarter that hp has seen Revenue Growth in that area in a while. Seven quarters under meg whitman. Its a big move for them, but hp failing big time to get into mobile. While were seeing growth in the pe personal computer market. Mobile, dont worry about it. Stuart the principle, if you cant beat them, join them. Almost a dozen big name retailers are putting their products on amazon with links to their website. I could shop for j. Crew products going online to amazon. Yes. Stuart to me thats a big extension of amazons reach. Well, the main place that people do shopping online is amazon, so, if you are a if you have products to sell youre going to amazon, big retailers have been holding out hopping people are going to gap. Com or old navy. Com on a large scale. Turns out the smaller retailers were seeing Enormous Growth on amazon. Put your clothes up on amazon and 79 for that prime membership gets you free shipping. Now, that thats the deal. Thats the deal. And that falls to the retailers. So thats going to fall now to gap, these other companies to, j. Crew, to pay for shipping im not sure i understand it, but we hear it can build a virtual 3d model of your surroundings, mapping your indoor and your outdoor locations, wherever you are. Yeah. Stuart all right, clayton, come on. Sounds cool. Its exciting . Wait a second. You think i need to look at this to find out whats around me here . Perhaps youre lost in a building somewhere, so. Stuart happens. Happens a lot for me and my wife makes fun of me, no, weve got to go left, this way, this way. Indoor navigation is a huge market, its kind of janky. If you can build 3d modeling where you are thats huge. Think of the Practical Applications for this. You want to remodel your home, charles, standing in your room, you scan your room, now exactly the distance from in one point of a doorway to this one point after doorway, go across town to the architect and map of the living room. Think of realtors who can map interior of a house. Somebody in anchorage alaska, thinking of moving to massachusetts, you can scan your house with the phone. Charles its kind of cool. Exactly. Stuart now ive got it. And imagine being in your living room, scanning your living room picking up virtual objects for kids and games will be a big thing for this, too. Stuart wait a minute, im in my living room and kids are playing around and stuff all over the place. Its think stuff. Inside the game internally picking up fake virtual boxes and competing, and used to play capture the flag back in the day. Stuart yes, i do. Imagine doing a virtual version of that competinggfor territory. And google is putting it out there that this is practical. Lets be honor, Game Developers will have at it first. Stuart its not here yet. Its only for developers right now, theres no one you cant go out and buy it yet. Stuart why is charles laughing . Come on, im just saying, when you saw capture of the flag, the old british empire, that was a version of the game he was thinking about, i remember when we snatched internecia and remember when we had the 13 colony. And now its rock of gibralter. Stuart the british never colonized indonesia, it was the dutch. [laughter] lets move on, clayton, i want your of take on the facebook acquiring for 19 billion whats app. This is incredibly important for the future of messaging. The number one thing that people do on their phones is messaging. The only messaging service in the United States was facebook was popular in the United States was facebook messenger. Outside the United States facebook didnt have a hold in messaging at all. China has we chat. Other areas of the world whats app. The Fastest Growing mobile application in history. 450 million users, when facebook buys this, it sort of completes zuckerbergs vision for trying to connect everyone in the world to internet. And 450 million users in facebooks back pocket makes that instagram deal a year ago look like a steal for a billion dollars. Stuart its closing in on 70 a share, facebook. If you look at the valuation of it, im not the stock by, but look at twit ter twitter 256 mi users and look at whats app, i think they got it for a steal. Charles they have a straight up you pay for it. Per year. The whats app they say took 33 billion in revenue away from the phone companies. In 2016 it will be 54 billion. A fraction of that to the bottom line for facebook justifies the price. Stuart what about this, robert scovel, the tech guy on this program, he says whats app is full of spam so he deleted it, got rid of it. A lot of junk stuff coming at him. Look, thats facebook, talk about the spam and the amount of ads and junk you get on facebook . I mean, probably 10 of the stuff you get on facebook is stuff you actually want right now. Facebook is taking a chance with the rest of the world owning the messaging service, latin america into asia. Stuart netflix is caring the big hit series house of cards its airing in china and the government sensors are letting it through, even though it has, some would say its critical of china, but theyre letting it through. My point here though is that if netflix is big in china, thats huge for netflix. Certainly, were seeing the original programs now break through into china, in other parts of the world and even things dont translate well. Doe thent understa they dont understand, a lot of the talk about filibuster, and whats a filibuster, it doesnt matter. Its the drama, the streaming online video which is what a lot of the chinese and japanese are doing anyway, they dont have paying for cable . Thats not something theyre doing. Getting stuff on the smart phone while theyre on the train and different parts of the country is huge. Also, too, its making fun of america a little bit. If you read some of the chinese forums, this is like american bullies, showing the senators and congressmen, affirming for them the opinion of american as a bully. Stuart thank you, clayton. Youve been with us as the technology. Im flattered you had me on the show, sky is the limit and youll be staying i id love to be on the new show. Stuart all right, ive got to update the violence in kiev, capital of ukraine. Ukraines president giving into pressure, the opposition leaders just signing an agreement that allows for early president ial elections to take place this year, thats a big deal. The deal promises to forge a National Unity government, ukraine will revert back to its 2004 constitution. The crisis for now, im going to say its calmed, okay . Thats the situation as we speak. Check the big board, weve got a 9, 10 point loss for the dow this friday morning, were at 161 as we speak. Next, oscar winning ben affleck has been called to congress to testify on the congo. What does he know about the congo . Well deal with it next though. Announcer where can an investor be a name and not a number . Scotade. Ron im never alone with scottrade. I can always call or stop by my local office. Theyre nearby and ready to help. So when i have questions, i can talk to someone who knows exactly how i trade. Because i dont trade li everybody. I trade like me. Thats why im with scottrade. Nouncer ranked highest in investoratisctio i trade like me. With sfdirected services by j. D. Power andssocias. Stuart ichl check the big board. We are dead flat, actually, up. 86. And how about the price of gold . I trust its above 1300 . Yes, its up 6 bucks. 1323 as of now. Suit problems . What suit problems . U. S. Speed skating and underarmor renewing their partnership for the 2022 olympics, next time around, and its up 108. Today the Obama Administration is expected to announce more cuts to the popular Medicare Advantage program, taking money away from it, away from seniors so it can pay for, what else . Obamacare. Our favorite conservative black chick is here. Crystal wright joining us again, from washington. I want you to explain it to us, im sure quite a few of our viewers enjoy Medicare Advantage and now, in what way is that being cut . Tell me. Well, apparently the president wants to rob from Medicare Advantage to pay for obamacare and we know that, remember way back when he did some funny accounting, stuart, where he actually took from medicaid, took the medicare cut and he applied them toward obamacare, that sounds like a lot of funny math to me, he cant take from one entitle program and pass it over to another. He counted it as what, savings, i think, in his budget. You know, its crazy. Stuart i cant believe that will be popular though. Because Medicare Advantage is a popular program. I mean, to allow seniors to extend coverage, i believe, they pay for a little of it and its subsidized, but its an extension of coverage for seniors. The optics on this are awful. Medicare advantage is like better coverage. Seniors pay more for Medicare Advantage because they Want Better Health insurance. So if im a senior and im sitting in, you know, my kitchen watching television, what the president is going to do, im probably going to be up in arms and not happen about it. Its just not good. This goes back to the problem with obamacare. You know what i tweeted the other day, democrats standing by obamacare reminds me of the quartet thats playing on the titanic as the ship sinks into the frozen waters and theyre still sporting it, right . With the election coming this year, theyre still supporting it. Ive got to move onto ben affleck. I believe next week hes testifying before a Senate Committee ands going to talk about the congo. Thats one Hollywood Star doing that and seth rogin, testifying on alzheimers. You know, at what point does this endless parade of hollywood people in front of the United States congress, whats going on here . Why are they doing this . Well, for some reason celebrities have gotten things very confused in their head and they actually think because of their celebrity theyre now experts on Foreign Policy and domestic policy. You know what i say . Why do we care about what celebrities think on anything political . Or law making procedures. Stuart but we do. No, i dont, the house doesnt. The house doesnt because they told ben affleck, no thanks, ben, weve got real experts on the congo to call to testify next week and not waste taxpayer money. The reality is, im going to say this and be offensive to people, a lot of celebrities dont have a high school education, why do we carr what they think, wake up, america, please. Stuart youre right. Were putting them in front of congress for what they think, not for what they know. No. Stuart i mean, who is the lady, darryl hannah, she didnt go before congress, shes a star and protesting the pipeline.

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